Six Additional Companies Fail Say on Pay

1,752 Russell 3000 companies have filed CEO Pay Ratio disclosures in 2018. The median of ratios filed thus far is 72:1, and the median of median employee compensation $64,127. To date, 546 Russell 3000 companies have held Say on Pay votes and six additional companies have failed since our last report – Ameriprise Financial, Cliffs Natural Resources, Cogent Communications, Digimarc, First Horizon National, and Rambus. The failure rate (2.0%) has decreased by 60 basis points since the last report, and is currently 50 basis points higher than last year’s failure rate. In addition, the current average vote support is 80 basis points lower than the 2017 average.